Life insurance forWashington families.
The question is not really how much life insurance you need. It is what your family would have to change if your income stopped. We work backwards from that.
Term covers the years that would hurt most.
For most families the honest answer is term life. It covers a set number of years — typically the span while there is a mortgage to pay and children at home — at a fraction of the cost of permanent coverage.
Permanent policies have a place, usually around estate planning, business succession or a lifelong dependent. But they are frequently sold where term would do the job for less, and the difference is substantial.
If you have coverage through work, check the amount. Employer group life is often one or two times salary, which rarely covers a mortgage, and it usually ends when the job does. That is the gap we see most.
- Term quoted first, permanent only where it fits
- We check what your employer plan actually covers
- Several carriers compared, since underwriting varies widely
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Worth thinking about:
- Mortgage balance and years remaining
- Years until the youngest child is independent
- Income your household would lose
- Childcare if a stay-at-home parent died
- What your employer plan actually pays
Types of life insurance
Term Life
Coverage for a set period, commonly 10, 20 or 30 years, at a level premium. The lowest cost per dollar of protection, and the right answer for most families with a mortgage and children.
Whole Life
Permanent coverage with a guaranteed death benefit and cash value that builds over time. Considerably more expensive per dollar of protection.
Universal Life
Permanent coverage with flexible premiums and an adjustable death benefit. More moving parts, and worth understanding fully before buying.
Final Expense
Smaller permanent policies designed to cover funeral and burial costs, with simplified underwriting. Often available at older ages.
Group Life Through Work
Usually one or two times salary and tied to the job. Useful, rarely sufficient on its own, and it generally does not follow you when you leave.
Riders
Waiver of premium, accelerated death benefit and child riders can be added. Some cost little and are worth asking about.
Life Insurance FAQs
How much life insurance do I need?
Is the coverage through my job enough?
Do I need a medical exam?
Can I get covered with a health condition?
Should I insure a stay-at-home parent?
Find out what term coverage actually costs.
Usually less than people expect, and it takes one short conversation.
No obligation. Monday–Friday, 9:00 AM – 5:00 PM.